The ReserveBank of India (RBI) has given IndusInd International Holdings Ltd, a ... As per the sources, the HindujaGroup will invest more than $1 billion in the lender ... 'Hinduja Group may need to invest Rs10,000-11,000 crore ($1.2-1.3 billion) to increase its stake in the bank.
We demand a JPC and a Supreme Court-monitored probe to investigate the entire matter and the government's involvement in this massive scam,' Congress' KC Venugopal said on Twitter.He claimed that the LIC has 'invested a total of ₹36,474.78 crore' in Adani Group, whereas Indian...
"The central bank has asked all lenders to submit exposure data related to the Adani Group," a senior banker in the know said ... Separately, foreign banks have funded large acquisitions made by the group ... Some banks also have investments in debt securities issued by the group, but that is only a small part of the overall exposure, one of them said.
Group entity, to raise its stake in IndusInd Bank... This will result in the Hinduja Group investing over $1 billion in the lender, one of the persons said ... "To increase stake in the bank, Hinduja Group may need to infuse ₹10,000-11,000 crore ($1.2-1.3 billion) ... The Hinduja Group, IndusInd Bank and the RBI did not respond to queries.
Only an independent investigation will save LIC, SBI and other institutions forced by the Prime Minister to invest in the Adani Group," he said ... The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
Earlier, Switzerland-based investment bank Credit Suisse stopped accepting bonds of Adani Group as collateral for margin loans to its private banking clients ... The ReserveBank of India (RBI) has sought details from banks ... Also ReadRBI seeks details of banks’ exposure to Adani Group.
... at the Gautam Adani-led group, which has denied the charges.The market losses of the Adani Group have risen to nearly ₹8.5 lakh crore.The rout in Adani group stocks has threatened the value of investments made by the Life Insurance Corporation (LIC) and public sector banks.
AS the market continued to hammer its stocks with the flagship Adani Enterprises dipping another 26.50% and over $100 billion shaved off the group\u2019s total market cap, the ReserveBank of India (RBI) has sought details from banks about their exposure to the group ...Indian banks\u2019 exposure is less than 40 per cent of the total group debt.
...Kharge were among the nine MPs who gave a notice to discuss the issue investment by the Life Insurance Corporation of India (LIC), other public sector banks, and financial institutions in companies losing market value, which was an unnamed reference to the Adani Group firms.
Adani stocks plunged, opposition politicians called for a wider probe and India’s central bank sprang into action to check on the exposure of banks to the group ...Market and investment group CLSA estimates Indian banks were exposed to about 40 percent of Adani Group’s $24.5bn debt in the fiscal year to March 2022.
India’s central bank has asked local lenders about their links to the conglomerate, estimating banks were exposed to around 40 per cent of £20billion group debt ...Jo Johnson quits bank over Adani ... Boris Johnson's brother has quit as director of an investment bank over its connections to Adani Group ... DIY INVESTING PLATFORMS ... Easy investing.
He further said that Opposition parties have given the suspension of Business Notice under rule 267 to discuss the issue of investment by LIC, Public SectorBanks and financial institutions in companies losing market value, putting the hard-earned money of crores of Indians in jeopardy.�"But our notices are rejected every time.
People are losing crores of rupees by investing in LIC, SBI & other nationalised banks ... We have given the suspension of Business Notice under rule 267 to discuss the issue of investment by LIC, Public SectorBanks and financial institutions in companies losing market value, endangering the hard-earned money of crores of Indians.